Comment · print · T T T+· T- The beleaguered Sahara India group seems to have landed in fresh trouble with the Enforcement Directorate serving a show-cause notice on the conglomerate and its chief Subrata Ray, seeking explanations for ...

, the FERA (Foreign Exchange Regulation Act) came into force in India. The Act was formulated with the aim to regulate foreign exchange and imposed stringent regulations on certain kinds of payments, the dealings in foreign exchange and securities ...